That hurts! To earn the recent increase in wages of Credit-Suisse-in-chief Tidjane Thiam (56), had to work an Employee with an average monthly wage of 6235 Swiss francs 37 years. At the same time it remains the majority of the employees as in the previous year failed, their salary Supplement. Because the inflation is eating away wage increases.

And before the next wage round in autumn and until then-expected economic slowdown, one thing is clear: The Swiss economic boom in the past few years, most of the employees will note on the payroll account, nothing.

to distribute

Economists in a measly in real wages expected this year, an increase of 0.2 percent. Means that workers can afford from your wages any more. Here, there is a backlog right now, because even the labour productivity rose in the last years, with 2 percent (in 2017) and 2.2 percent (in 2018) is considerable. It would also have to have a positive impact on wages.

labour market economist Michael Siegenthaler (34) of the economic research Institute KOF at the ETH says: “The company grew and was able to after a difficult years profitable – that is why it is actually more than in the past.”

However, the wage recipients are likely to only get a share of the larger cake. In fact, the large pieces which did not take this year, so far, the bulk of the work, but a few top managers and shareholders, such as the wage gap-study 2019 of the trade Union Unia shows, the VIEW exclusively is present.

wage gap

UBS CEO Sergio Ermotti (59) not conceding virtually unchanged at 13.9 million Swiss francs, the highest salary of all CEOs in Switzerland. The large Bank receives the dubious title as the company with the largest wage gap. According to Unia, the highest-paid chief 267 times (previous year: 273 earned-time) more than a Swiss UBS employee with the lowest wage. A wage gap of over 1:200 is also at Roche, Credit Suisse and Nestlé. For the first time, is no longer among the Top Ten of the Novartis CEO is. Vasant Narasimhan (43) earned significantly less than his predecessor, Joe Jimenez (60).

The decline in Novartis chief also explains why the average wage gap is the largest Swiss companies by 1:136 in the previous year to 1:134 decreased slightly. Also the slight closing of the wage gap, the struggle for higher minimum wages contributes. The lowest wages increased in the cleaning industry, the hairdressing and the hospitality industry.

Not to Win the boom

involved in the progress of The lowest wages do not alter the fact, however, that the majority of Swiss employees after two years of less real wage is still not on the Gain of the robust economy is involved. Last year, the Inflation was 0.9 percent, real wages fell by 0.4 per cent. The rising premium burden in the health insurance provided to employees to further real wage losses.

But the call for a General inflation to compensate pearls from the employers ‘ Association before the next wage round. Its President Valentin Vogt (58) looks for any occasion.

The wage negotiations were in Switzerland, decentralized in operation and, if necessary, at the sector level, instead, says Vogt. He stressed: “employers should focus primarily on their own labour productivity, and in the course of business of your operation, and don’t cost developments outside such as the Inflation.”

wage fall will pop feared hard

KOF Economist Siegenthaler, wage recipients were surprised by the consumer price inflation. This, after in years after the franc crisis, weak wage increases, with decreasing consumer prices, and the negative to make inflation bet. Siegenthaler, emphasizes: “The consumer – perhaps also the trade unions – will have to get used to it, to require an Inflation adjustment for nominal wages – that is likely to happen slowly.” In its last forecast, the Federal government went this year from an annual inflation of 0.4 percent.